The Cyprus Property Action Group (CPAG) has written an open letter to the Cyprus Mail . Remember the Informer Editorial on “ Cyprus Government will have to write off Cyprus Bank Debts “? Well following the many articles that we have published since about the failing Cyprus Economy and the shenanigans in the Cyprus Banks ( What is going on in the Cyprus Banks ... Full story

THE AVERAGE price per house in Cyprus has reached €2,000 per square metre and €1,865 per square metre for an apartment, according to the first-ever quarterly Cyprus Property Price Index (PPI), launched yesterday. Full story

The front page of the  Cyprus Weekly On Line for 31 December 2009 carries the headline “Tax Assault” referring to the Cyprus Budget announcement of a range of fiscal measures to deal with a deficit of euro 500 million. Initially property analysts had interpreted the Minister’s original descriptive announcement where he said  ” this package will introduce higher tax on property property other than a home by adjusting valuations ... Full story

The Cyprus Informer has published a series of editorials on the subject of the Cyprus Economy , the position of the Cyprus Banks and its exposure to the Cyprus Property Sector raising concerns that there is a hidden economic crisis looming in Cyprus with loan risks which match those dire circumstances which have affected the UK and other EU countries.  The Cyprus authorities have ... Full story

Editorial Comment by the Cyprus Informer All property buyers in Cyprus are looking for is delivery of a good clean title to property which is registered in their name at the time of purchase and built soundly in accordance with all planning and building permissions.  The current property system in Cyprus does not provide that and has given rise to many examples of considerable injustice and loss. Is ... Full story

The Cyprus Government has hired more people and is also equipping the Land Registry Department with better technology to allow 10,000 title deeds to be issued before 30th June 2010. But  the Informer Editor has heard from some hopeful Cyprus property owners of new problems which are stopping the release of Title Deeds by developers. The Cyprus Revenue have to issue all tax clearances ... Full story

The Cyprus Informer has published two recent articles about certain aspects of the Cyprus Economy; Cyprus Government will have to write off Cyprus Bank Debts Cyprus Banks and Cyprus Property Like most  financial writers we are always looking for attributable facts and there is no better source than the IMF. Do please read the articles linked to above and then read the following extracts from the IMF Report on ... Full story

On 13 June the Informer published an article entitled “Cyprus Government will have to write off Cyprus Bank Debts”. On 10 June Bank of Cyprus announced that its fund raising of up to 645.327.822 Euro Convertible Capital Securities had been oversubscribed with total subscriptions amounting to almost 659 million Euro. The Bank said that the capital raised from the issue will be used to ... Full story

Stephanou responds to MEP comments Famagusta Gazette, Cyprus Cyprus Government Spokesman Stephanos Stephanou has said that President Demetris Christofias has not undertaken any commitment to submit an application for Cyprus ’ accession to Partnership for Peace. Full story

Some people with Cyprus mortgages have recently been notified by Cypriot Banks that due to market conditions they have had to increase the interest rate to 6.75%. Typically Cyprus banks are increasing their margin on existing home loans from 2.25% to 3.5% or 1.5% to 3%.  That means 3.5% + EURIBOR……or the variable rate for mortgages or home loans that the bank itself sets.  ... Full story